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Eneti Inc - NETI STOCK NEWS

Welcome to our dedicated news page for Eneti (Ticker: NETI), a resource for investors and traders seeking the latest updates and insights on Eneti.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Eneti's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Eneti's position in the market.

News
Eneti Inc. and Cadeler A/S Share Exhange Offer Expiration Date is December 14, 2023
Rhea-AI Summary
Eneti Inc. (NETI) and Cadeler A/S (CADLR) have extended the expiration date for the share exchange offer to acquire all of Eneti's common stock, with the settlement expected to be completed on or before December 21, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.74%
Tags
none
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News
Cadeler A/S and Eneti Inc. Announce Extension of the Share Exchange Offer for All Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 and New Loan Facility
Rhea-AI Summary
Cadeler A/S (CADLR) and Eneti Inc. (NETI) have extended the expiration date for the share exchange offer to acquire all of the issued and outstanding shares of Eneti Inc. to 5:30 p.m. Eastern Time on December 14, 2023. The minimum tender condition for the Share Exchange Offer has been reduced from 85.01% to 70%. JPMorgan Chase Bank, N.A. has advised Cadeler that approximately 78.25% of the total number of issued and outstanding shares of Eneti Common Stock had been validly tendered and not validly withdrawn in the Share Exchange Offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.41%
Tags
none
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News
Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels
Rhea-AI Summary
Eneti Inc. (NETI) secures a senior secured green term loan facility of up to $436.0 million to finance approximately 65% of the purchase cost of the Company’s two newbuild wind turbine installation vessels. The Credit Facility includes tranches from international banks and export credit agencies, with a maturity date of 12 years from the delivery date of each vessel. The facility bears interest at a blended margin of SOFR plus 2.36% per annum. The recent deliveries of Seajacks Hydra, Seajacks Leviathan, and Seajacks Kraken complete the sale of all of the Company’s NG2500X vessels.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.07%
Tags
none
News
Eneti Inc. Announces Financial Results for the Third Quarter of 2023 and Declares a Quarterly Cash Dividend
Rhea-AI Summary
Eneti Inc. (NYSE: NETI) reported its Q3 2023 results, including $53.2M total revenues and $18.3M GAAP net income. The board declared a $0.01 quarterly cash dividend per share. Adjusted net income was $18.5M, excluding $0.2M transaction costs. The company's liquidity stood at $105.2M as of November 10, 2023. Newbuildings and sale of NG 2500X Vessels were highlighted. The company also announced new contracts, including a $113.0M to $167.0M revenue contract for the NG14000X-class vessel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends earnings
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News
Cadeler A/S and Eneti Inc. Announce Launch of Share Exchange Offer for All of The Outstanding Shares of Common Stock of Eneti Inc.
Rhea-AI Summary
Cadeler A/S (OSE: CADLR) and Eneti Inc. (NYSE: NETI) announce a share exchange offer for all outstanding shares of Eneti, expected to close within Q4 2023. The combined group will be named Cadeler, headquartered in Copenhagen, Denmark, with shares listed on the New York Stock Exchange in addition to the Oslo Stock Exchange. The business combination will deliver annual synergies of €106 million, excluding costs, and the management anticipates numerous possibilities to increase efficiency in the market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
none
-
News
Eneti Inc. to Announce Third Quarter 2023 Results and Have a Conference Call on November 14, 2023
Rhea-AI Summary
Eneti Inc. (NYSE: NETI) will release its third quarter 2023 financial results on November 14, 2023. A conference call to discuss the results will be held at 9:00 AM Eastern Time / 3:00 PM Central European Time on the same day. The call can be accessed by dialing 1 (877) 513-1694 (U.S.) or 1 (412) 902-4269 (International). A live webcast will also be available on the Eneti Inc. website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
earnings
News
Eneti Inc. Signs Installation Contract for Newbuild WTIV
Rhea-AI Summary
Eneti Inc. subsidiary, Seajacks UK Limited, has signed a contract to transport and install turbines for an undisclosed client. The contract is expected to generate between $73 million and $84 million of gross revenue and project costs are estimated at $8 million. CEO Emanuele Lauro highlights the strong market fundamentals and the flexibility of the newbuildings to maximize vessel utilization and generate cash flows.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.04%
Tags
none
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News
Eneti Inc. Signs Contract for Seajacks Scylla
Rhea-AI Summary
Eneti's subsidiary, Seajacks UK Limited, has signed a contract to assist with the installation of wind turbines, generating an estimated revenue of USD 113 million to USD 167 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.23%
Tags
none
-
News
Eneti Inc. Signs Vessel Reservation Contract for Newbuild WTIV
Rhea-AI Summary
Eneti Inc. subsidiary signs vessel reservation agreement for wind turbine installation, expected to generate $87-100 million in revenue
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
none
News
Eneti Inc. Announces Financial Results for the Second Quarter of 2023 and Declares a Quarterly Cash Dividend
Rhea-AI Summary
Eneti Inc. reports Q2 2023 results with a net loss of $49.8 million and quarterly cash dividend of $0.01 per share. Total revenues for Q2 2023 were $38.8 million, a decrease from $61.3 million in Q2 2022. The company's adjusted net income for Q2 2023 was $2.8 million. The board of directors also declared a quarterly cash dividend of $0.01 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.45%
Tags
dividends earnings
Stock NETI logo
Eneti Inc

NYSE:NETI

NETI Rankings

N/A Ranked by Market Cap
#805 Ranked by Stock Gains
N/A Ranked by Dividends

NETI Stock Data

437.87M
18.00M
86.39%
36.58%
1.75%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
Monaco
9 Boulevard Charles Iii

About NETI

scorpio bulkers inc. (nyse: salt) is a provider of marine transportation of dry bulk commodities.